Former Apple CFO points blame at Jobs

This site may earn affiliate commissions from the links on this page. Terms of use.

fred anderson, former cfo at apple, announced a settlement with the sec over civil charges filed against him related to the backdating of stock grants while at apple. the attorney for fred anderson issued a statement on behalf of his client pointing some of the blame back at current apple ceo steve jobs. the issue is related to an executive team grant with an effective date of january 17, 2001, but approved by the apple board with a unanimous written consent (uwc) in early february.

anderson said the approval from the board of directors, in respect to the executive team grant at the heart of the sec complaint, was said to be relayed to anderson by steve jobs in late january 2001. according to anderson, the apple board of directors was said by jobs to have approved the grant on january 2. anderson only determined later that the board may not have given the necessary prior approval to the grants as required.

as part of the settlement, anderson paid the difference between the value of the stock between january 17 and the date in early february in which the uwc was signed by the board. although many people believed steve jobs may have dodged a bullet in relation to this stock grant scandal, things may start to heat up due to the accusations made by anderson against jobs.

re: dalspartan(6:06pm est thu apr 26 2007)you are one of millions the left leftist (democrats) have deceived. the democrats are just as rich as any republican but they want you to believe they are part of the majority, the average joe sloe like you and me. ha, what a freaking joke but many lemming s out there believe their lies.look at just one latest example of rich liberal hypocrisy. john travolta's house in florida was just arial pictured after he criticized the average joe sloe for consuming too much. parked at his (attached to) mansion under two separate carport style hangers were a 737 and 727 sized private jets. give me a freaking break.what about demonizing cigarettes (i don't smoke) by the democrats during the clinton white house years and suing the tobacco companies while all the time the democrats are preaching to us how they are for the poor man. what a lie! they, the democrats are why cigarettes are so expensive today, 80 -90 percent of the price is taxes!don't believe the lie from the left. – by regulas

re:dalspartan(5:15pm est fri apr 27 2007)i am somewhere to the right of ghengis khan. reagan was a moderate.it was a sarcastic,tongue in cheek post.jobs is a notorious leftist, and algore is on the apple board, probably because his ideas are so worthless he can't “work” anywhere else.thanks,ray– by dalspartan